Bank of Portugal Is Analysing Claims Against Companies that Buy Malpaid

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The Bank of Portugal will be receiving and analysing bank customers' claims on companies that buy miscellaneous credit sold by banks, which has been common in recent years.

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Lusa asked the Bank of Portugal about the new legal regime for the granting of credit - a technical name of the operation in which banks sell credit cards (in general maladjusted) to other entities - to clarify how their intervention would be exactly. The BdP explained that until now these entities were outside their supervision, but with the entry into force of the new regime on 10 December, it will be responsible for the monitoring and taxatio…